CIMA Management P2 Release Date

$1,660,000

$1,780,000

$1,460,000

$2,340,000

If the organization has devolved decision making, beyond budgeting is not appropriate because it does not allow the same level of empowerment as traditional budgeting.

If the organization's products are subject to rapid technological change, beyond budgeting would allow managers to respond more quickly than under traditional budgeting.

If there is a dynamic external environment with fast moving opportunities, beyond budgeting will inhibit the organization's ability to take advantage of these opportunities whereas traditional budgeting will not.

If the organization's culture is such that a top down budgeting system is desired then this is better achieved by adopting beyond budgeting rather than traditional budgeting.

Equivalent annual cost = £92,825

Present value of cost in perpetuity = £9,283

Equivalent annual cost = 9,283

Present value of cost in perpetuity = £92,825

Equivalent annual cost = £2,000

Present value of cost in perpetuity = £20,000

Equivalent annual cost = £20,000

Present value of cost in perpetuity = £2,000